embracer saber
The Group has an extensive catalogue of over 190 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory, Wreckfest, Insurgency and World War Z amongst many others. Saber Interactive will become the fifth subsidiary of Embracer Group, though it will maintain autonomy and there are no planned restructuring or cost saving measures. Saber has been on our radar for a very long time because of their deep history of consistently high-quality work," said Embracer Group CEO Lars Wingefors. Founded in 2001, the US-based Saber Interactive has since grown to around 600 staff across five internal studios, and last year grossed over $100 million.
Embracer Group has acquired World War Z developer Saber Interactive in a deal worth $525 million.
"Their ambitious moves towards self-funding projects in recent years have been particularly impressive, especially with World War Z, which sold more than three million units.".
Formerly THQ Nordic AB, the company rebranded as Embracer Group in August 2019; the group has made multiple acquisitions in recent years, snapping up small and large companies alike.
Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Embracer Group has acquired World War Z developer Saber Interactive in a deal worth $525 million.
Last year, Embracer raised $225 million for further acquisitions; in today's announcement, the company said this deal was part of its previously communicated strategy of expansion. Following the acquisition, Embracer Group has nearly 2,600 staff across 31 studios.
However, the Saber Interactive deal is the company's largest spending splurge so far, offering $150 million up-front and another $375 million over three years based on performance. Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market. Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market.
Formerly THQ Nordic AB, the company rebranded as Embracer … Matthew Karch and Andrey Iones, Saber Interactive co-founders and owners, will jointly become Embracer Group's second largest shareholder.
Acquisitions include Palindrome Interactive, Rare Earth Games, and Vermila Studios, THQ Nordic parent company also acquires New World Interactive, Pow Wow Entertainment, and Deca Live Operations, (SENIOR) LOCALIZATION MANAGER - KALYPSO KK, Tokyo, Japan, COMMUNITY & SUPPORT MANAGER - KALYPSO KK, Tokyo, Japan, (Junior) Support Manager - KALYPSO, Worms, Germany, "Instead of recycling your machines, can you donate them instead, please? Embracer Group acquires Saber Interactive. ", PlayStation and Xbox have both failed to sell next-gen | Opinion, GameDiscoverCo founder: "It's not selling out" to use metrics in development, Loot boxes should be a consumer protection matter not a gambling one, says EU report, Mike Morhaime's new games company dreams of being an industry beacon, Firing the starting pistol on the next generation | Opinion, Facebook: Why genre matters in mobile gaming, What's wrong with the games industry, and how to fix it, One Special Night; fundraising for SpecialEffect, Microsoft is open to still more games acquisitions, Microsoft still determined to get Xbox Game Pass on iOS, Supercell ordered to pay $8.5 million for infringing Gree's patents, rebranded as Embracer Group in August 2019, raised $225 million for further acquisitions, Amplifier Game Invest buys three studios, extends investment in another, Embracer Group acquires multiple studios, including 4A Games.
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